Report Update Nov 1, 2024

Saudi Arabia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Propene Market 2024

Propene Market Size in Saudi Arabia

In 2021, the Saudi propene market decreased by -4.7% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, posted a resilient increase. Propene consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Propene Production in Saudi Arabia

In value terms, propene production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 63% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Propene Exports

Exports from Saudi Arabia

In 2021, exports of propene (propylene) from Saudi Arabia skyrocketed to X tons, growing by 116% on the previous year's figure. In general, exports, however, faced a abrupt slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, propene exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Egypt (X tons) and Belgium (X tons) were the main destinations of propene exports from Saudi Arabia, with a combined 54% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +168.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Egypt ($X) and Belgium ($X) were the largest markets for propene exported from Saudi Arabia worldwide, with a combined 61% share of total exports.

Egypt, with a CAGR of +178.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average propene export price stood at $X per ton in 2021, rising by 47% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Propene Imports

Imports into Saudi Arabia

In 2021, imports of propene (propylene) into Saudi Arabia reduced to X tons, shrinking by -9.9% compared with the year before. In general, imports continue to indicate a sharp curtailment. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, propene imports rose significantly to $X in 2021. Overall, imports continue to indicate a sharp downturn. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of propene to Saudi Arabia, with a approx. 100% share of total imports.

From 2019 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -17.5%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of propene (propylene) to Saudi Arabia.

From 2019 to 2021, the average annual growth rate of value from the United Arab Emirates totaled -10.2%.

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, picking up by 22% against the previous year. Over the last two years, it increased at an average annual rate of +9.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2019 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +17.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propene (propylene) in the world?

The countries with the highest volumes of propene consumption in 2021 were the United States, India and Japan, together accounting for 29% of global consumption. These countries were followed by Pakistan, Brazil, China, Bangladesh, Germany, the UK, Mexico, Russia, Turkey and the Netherlands, which together accounted for a further 31%.

What are the largest producers of propene (propylene) in the world?

The countries with the highest volumes of propene production in 2021 were the United States, India and Japan, together accounting for 31% of global production. These countries were followed by Pakistan, Brazil, Bangladesh, South Korea, Germany, the UK, Russia, Turkey, Mexico and the Netherlands, which together accounted for a further 31%.

What are the leading suppliers of propene (propylene) to Saudi Arabia?

In value terms, the United Arab Emirates constituted the largest supplier of propene to Saudi Arabia, comprising 70% of total imports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total imports.

What are the leading importers of propene (propylene) from Saudi Arabia?

In value terms, China emerged as the key foreign market for propene exports from Saudi Arabia, comprising 28% of total exports. The second position in the ranking was occupied by Italy, with a 12% share of total exports. It was followed by Egypt, with a 10% share.

What is the average export price for propene (propylene) in Saudi Arabia?

In 2021, the average propene export price amounted to $942 per ton, picking up by 21% against the previous year.

What is the average import price for propene (propylene) in Saudi Arabia?

In 2021, the average propene import price amounted to $426 per ton, shrinking by -51.9% against the previous year.

This report provides an in-depth analysis of the propene market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141140 - Propene (propylene)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023